The National activity index prepared by the Chicago Federal Reserve regional bank stood at 0.83 in October, which represents an improvement from September’s 0.32 reading, which was revised up from 0.27.
The report highlighted that three of the four categories of indicators made positive contributions in October. The index’s three-month average fell to 0.75 from 1.37.
The dollar the market was not affected by the data. In the last hour, the greenback modestly cut losses. It is among the worst performing currencies in the face of a rise in stocks. The DXY is testing the 92.00 zone.
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